Business segment reporting

6 Months Ended

Jul. 31, 2014

Segment reporting [Line Items]

Segment Reporting Disclosure [Text Block]

Business segment reporting. The Company has two reportable segments. Piping Systems engineers, designs, manufactures and sells specialty piping, leak detection and location systems. Filtration Products manufactures custom-designed industrial filtration products to remove particulates from air and other gas streams.

For the three months ended July 31, 2014, no customer accounted for 10% of the Company's consolidated net sales and one customer in Piping Systems accounted for 11% of the Company's consolidated net sales for the three months ended July 31, 2013. For the six months ended July 31, 2014, one customer in Piping Systems accounted for 14% of the Company's consolidated net sales and no customer accounted for 10% of the Company's consolidated net sales for the six months ended July 31, 2013.

At July 31, 2014, one customer in Piping Systems accounted for 28% of accounts receivable. At January 31, 2014, one customer in Piping Systems accounted for 24% of accounts receivable.

	Three Months Ended July 31,						Six Months Ended July 31,
	2014			2013			2014			2013
Net sales
Piping Systems		$33,789			$43,478			$76,143			$79,536
Filtration Products	19,581			17,324			36,751			35,957
Total		$53,370			$60,802			$112,894			$115,493
Gross profit
Piping Systems		$7,846			$10,590			$21,304			$21,034
Filtration Products	2,699			2,841			5,230			5,116
Total		$10,545			$13,431			$26,534			$26,150
Income (loss) from operations
Piping Systems		$3,783			$6,493			$11,800			$11,873
Filtration Products	(30		)	501			(574		)	18
Corporate	(1,958		)	(2,224		)	(3,722		)	(4,588		)
Total		$1,795			$4,770			$7,504			$7,303

Prior to 2014, the Company did not allocate certain general administrative costs and variances, including costs related to payroll processing and information systems, to its operating segments and instead included these costs and variances in corporate expenses. In 2014, the Company began allocating these costs and variances to its operating segments.